Monday, November 16, 2015

Jacksomville Florida CRE Recovering Market

In the 2015 calendar year, NE Florida has continued to show strong signs of increased activity in our Coldwell Banker Commercial Benchmark office.  New Contract Offerings, Closings, Inquiries and broker agents work load has been significantly elevated.  Does this equate to optimizing opportunity for NE Florida CRE as this recovering market expands throughout the state?  One element of challenge remains buyers and sellers value of their respective properties/interests and the market comps.  Many of the asking  and offer prices are distant in the strong market.  The following link discusses this very issue and where Jacksonville is positioned in the state with CRE and the absorption of available growth.....
http://www.bizjournals.com/jacksonville/blog/morning-edition/2015/11/jacksonville-office-market-underperforms-rest-of.html?ana=e_jac_rdup&s=newsletter&ed=2015-11-16&u=fr2HYhPBaCmKK7JHh3wFJw0b8e1a92&t=1447684483

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